---
title: "27 Economics Quotes By Robert Reich"
description: "27 Economics quotes by Robert Reich. Plus more from Robert Reich and more Economics sayings from other authors."
image: "https://sms4smile.com/quotes/i/11f/robert-reich-1333_easier_it-s-true-that-redistributing-income-to_1888154.png"
---

> [It's true that redistributing income to the needy is politically easier in a growing economy than in a stagnant one.](https://sms4smile.com/quotes/robert-reich/it-s-true-that-redistributing-income-to-the-needy-is-politically/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/11f/robert-reich-1333_easier_it-s-true-that-redistributing-income-to_1888154.png)

> [We reform the system. We save capitalism from its own excesses.](https://sms4smile.com/quotes/robert-reich/we-reform-the-system-we-save-capitalism-from-its-own-excesses/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/ec4/robert-reich-1333_capitalism_we-reform-the-system-we-save-capitalism_382702.png)

> [The problem right now is jobs. The problem right now is the economy and economic growth.](https://sms4smile.com/quotes/robert-reich/the-problem-right-now-is-jobs-the-problem-right-now-is-the-economy/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/7ff/robert-reich-1333_economic_the-problem-right-now-is-jobs-the-proble_674021.png)

> [Socialism for rich bankers and capitalism for everyone else.](https://sms4smile.com/quotes/robert-reich/socialism-for-rich-bankers-and-capitalism-for-everyone-else/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/832/robert-reich-1333_bankers_socialism-for-rich-bankers-and-capitalis_816971.png)

> [The liberal ideal is that everyone should have fair access and fair opportunity. This is not equality fo result. Its equality of…](https://sms4smile.com/quotes/robert-reich/the-liberal-ideal-is-that-everyone-should-have-fair-access-and-fair-2/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/095/robert-reich-1333_access_the-liberal-ideal-is-that-everyone-shoul_1506059.png)

> [America's real business leaders understand unless or until the middle class regains its footing and its faith, capitalism remains vulnerable.](https://sms4smile.com/quotes/robert-reich/america-s-real-business-leaders-understand-unless-or-until-the-middle/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/ba4/robert-reich-1333_america_america-s-real-business-leaders-understa_3040471.png)

> [You and I and almost all Americans are beneficiaries of the new economy. But we are also losing parts of our lives…](https://sms4smile.com/quotes/robert-reich/you-and-i-and-almost-all-americans-are-beneficiaries-of-the-new/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/088/robert-reich-1333_community_you-and-i-and-almost-all-americans-are-b_3014870.png)

> [We're the richest economy in the history of the world. For the majority of Americans not to get the benefits of this…](https://sms4smile.com/quotes/robert-reich/we-re-the-richest-economy-in-the-history-of-the-world-for-the/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/09f/robert-reich-1333_benefits_we-re-the-richest-economy-in-the-history_1052968.png)

> [The only way to grow the economy in a way that benefits the bottom 90 percent is to change the structure of…](https://sms4smile.com/quotes/robert-reich/the-only-way-to-grow-the-economy-in-a-way-that-benefits-the-bottom-90/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/43f/robert-reich-1333_benefits_the-only-way-to-grow-the-economy-in-a-wa_1902128.png)

> [No economy can continue to function when the vast middle class and everybody else don't have enough purchasing power to buy what…](https://sms4smile.com/quotes/robert-reich/no-economy-can-continue-to-function-when-the-vast-middle-class-and/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/6ae/robert-reich-1333_capable_no-economy-can-continue-to-function-when_2016900.jpg)

> [The rich would do better with a smaller share of a rapidly growing economy then they're doing now with a large share…](https://sms4smile.com/quotes/robert-reich/the-rich-would-do-better-with-a-smaller-share-of-a-rapidly-growing/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/f9b/robert-reich-1333_economics_the-rich-would-do-better-with-a-smaller_3205857.png)

> [Some argue shareholder capitalism has proven more efficient. It has moved economic resources to where they're most productive, and thereby enabled the…](https://sms4smile.com/quotes/robert-reich/some-argue-shareholder-capitalism-has-proven-more-efficient-it-has/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/c28/robert-reich-1333_argue_some-argue-shareholder-capitalism-has-pr_2327888.png)

> [I think that it's difficult to talk about large questions of economics or social policy without understanding the building blocks of society.…](https://sms4smile.com/quotes/robert-reich/i-think-that-it-s-difficult-to-talk-about-large-questions-of/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/632/robert-reich-1333_block_i-think-that-it-s-difficult-to-talk-abou_398238.jpg)

> [There's a great debate going on, you know, on whether we're moving toward a system of giant oligopolies or a system of…](https://sms4smile.com/quotes/robert-reich/there-s-a-great-debate-going-on-you-know-on-whether-we-re-moving/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/139/robert-reich-1333_business_there-s-a-great-debate-going-on-you-know_3229069.png)

> [The core principle is that we want an economy that works for everyone, not just for a small elite. We want equal…](https://sms4smile.com/quotes/robert-reich/the-core-principle-is-that-we-want-an-economy-that-works-for-everyone/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/659/robert-reich-1333_core_the-core-principle-is-that-we-want-an-ec_2771270.png)

> [I started in the law; and the study of law, when it precedes the study of economics, gives you a set of…](https://sms4smile.com/quotes/robert-reich/i-started-in-the-law-and-the-study-of-law-when-it-precedes-the-study/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/0d7/robert-reich-1333_economics_i-started-in-the-law-and-the-study-of-la_1848410.jpg)

> [The managers of the big brands have a very clear responsibility. It's attracting and keeping talented people in order to sustain and…](https://sms4smile.com/quotes/robert-reich/the-managers-of-the-big-brands-have-a-very-clear-responsibility-it-s/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/92e/robert-reich-1333_building_the-managers-of-the-big-brands-have-a-ve_1001539.jpg)

> [I am not an economic determinist. If I were, I would throw up my hands; I just would not bother. I think…](https://sms4smile.com/quotes/robert-reich/i-am-not-an-economic-determinist-if-i-were-i-would-throw-up-my-hands/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/be8/robert-reich-1333_bother_i-am-not-an-economic-determinist-if-i-we_2411889.png)

> [Corporations don't create jobs, customers do. So when all the economic gains go to the top, as they're doing now, the vast…](https://sms4smile.com/quotes/robert-reich/corporations-don-t-create-jobs-customers-do-so-when-all-the-economic/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/38f/robert-reich-1333_business_corporations-don-t-create-jobs-customers_353191.jpg)

> [We're now moving toward a radically different economy. You absolutely can't have a distribution oligopoly. The new oligopolies - and I think…](https://sms4smile.com/quotes/robert-reich/we-re-now-moving-toward-a-radically-different-economy-you-absolutely/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/036/robert-reich-1333_different_we-re-now-moving-toward-a-radically-diff_765407.png)

> [Now we're in a very different economy. Throughout the late 1980s and 1990s American management started to do the right things. There…](https://sms4smile.com/quotes/robert-reich/now-we-re-in-a-very-different-economy-throughout-the-late-1980s-and/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/4cb/robert-reich-1333_different_now-we-re-in-a-very-different-economy-th_1302187.png)

> [Technology enables consumers and investors to have extraordinary choice and ease of switching, which, in turn, stimulates much fiercer competition than ever…](https://sms4smile.com/quotes/robert-reich/technology-enables-consumers-and-investors-to-have-extraordinary/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/227/robert-reich-1333_choices_technology-enables-consumers-and-investo_946319.jpg)

> [Economies are risky. Some industries rise, and others implode, like housing. Some places get richer, and others drop, like Atlantic City. Some…](https://sms4smile.com/quotes/robert-reich/economies-are-risky-some-industries-rise-and-others-implode-like/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/b8d/robert-reich-1333_atlantic_economies-are-risky-some-industries-rise_2075530.png)

> [If consumers don't have the wherewithal to spend because all the money's going to the top, and the people at the top…](https://sms4smile.com/quotes/robert-reich/if-consumers-don-t-have-the-wherewithal-to-spend-because-all-the/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/8e4/robert-reich-1333_consumers_if-consumers-don-t-have-the-wherewithal_470725.jpg)

> [Over the long term, the only way we're going to raise wages, grow the economy, and improve American competitiveness is by investing…](https://sms4smile.com/quotes/robert-reich/over-the-long-term-the-only-way-we-re-going-to-raise-wages-grow-the/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/a1c/robert-reich-1333_american_over-the-long-term-the-only-way-we-re-go_2416914.png)

> [Those at the top would do better with a smaller share of a booming economy that elicits a positive politics than they…](https://sms4smile.com/quotes/robert-reich/those-at-the-top-would-do-better-with-a-smaller-share-of-a-booming/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/368/robert-reich-1333_anger_those-at-the-top-would-do-better-with-a_2435569.png)

> [We can't have extraordinary dynamism, innovation, and change in the economy and expect to have predictability and stability in our personal lives.…](https://sms4smile.com/quotes/robert-reich/we-can-t-have-extraordinary-dynamism-innovation-and-change-in-the/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

[Image](https://sms4smile.com/quotes/i/43c/robert-reich-1333_change_we-can-t-have-extraordinary-dynamism-inn_2466505.jpg)

## Other authors on Economics

- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b016/author-ludwig-von-mises-61872.jpg) Ludwig von Mises 142 quotes ](https://sms4smile.com/quotes/about/economics/ludwig-von-mises/)
- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b013/author-john-kenneth-galbraith-51720.jpg) John Kenneth Galbraith 65 quotes ](https://sms4smile.com/quotes/about/economics/john-kenneth-galbraith/)
- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b018/author-milton-friedman-68333.jpg) Milton Friedman 52 quotes ](https://sms4smile.com/quotes/about/economics/milton-friedman/)
- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b004/author-ayn-rand-15943.jpg) Ayn Rand 52 quotes ](https://sms4smile.com/quotes/about/economics/ayn-rand/)
- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b005/author-barack-obama-16275.jpg) Barack Obama 50 quotes ](https://sms4smile.com/quotes/about/economics/barack-obama/)
- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b013/author-john-maynard-keynes-51905.jpg) John Maynard Keynes 45 quotes ](https://sms4smile.com/quotes/about/economics/john-maynard-keynes/)
- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b023/author-thomas-sowell-90605.jpg) Thomas Sowell 40 quotes ](https://sms4smile.com/quotes/about/economics/thomas-sowell/)
- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b024/author-wendell-berry-94730.jpg) Wendell Berry 39 quotes ](https://sms4smile.com/quotes/about/economics/wendell-berry/)
- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b018/author-noam-chomsky-71799.jpg) Noam Chomsky 38 quotes ](https://sms4smile.com/quotes/about/economics/noam-chomsky/)
- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b019/author-paul-krugman-74013.jpg) Paul Krugman 37 quotes ](https://sms4smile.com/quotes/about/economics/paul-krugman/)
- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b010/author-friedrich-august-von-hayek-36338.jpg) Friedrich August von Hayek 34 quotes ](https://sms4smile.com/quotes/about/economics/friedrich-august-von-hayek/)
- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b014/author-joseph-stiglitz-53499.jpg) Joseph Stiglitz 33 quotes ](https://sms4smile.com/quotes/about/economics/joseph-stiglitz/)

## More by Robert Reich

> [The Democratic Party is DEAD.](https://sms4smile.com/quotes/robert-reich/the-democratic-party-is-dead/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

> [During three decades from 1947 to 1977, the nation implemented what might be called a basic bargain with American workers. Employers paid them enough…](https://sms4smile.com/quotes/robert-reich/during-three-decades-from-1947-to-1977-the-nation-implemented-what/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

> [A leader is someone who steps back from the entire system and tries to build a more collaborative, more innovative system that will work…](https://sms4smile.com/quotes/robert-reich/a-leader-is-someone-who-steps-back-from-the-entire-system-and-tries/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

> [The faith that anyone could move from rags to riches - with enough guts and gumption, hard work and nose to the grindstone -…](https://sms4smile.com/quotes/robert-reich/the-faith-that-anyone-could-move-from-rags-to-riches-with-enough-guts/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

> [If you give up on politics, you're giving up on democracy. And if you give up on democracy, you're basically saying to the moneyed…](https://sms4smile.com/quotes/robert-reich/if-you-give-up-on-politics-you-re-giving-up-on-democracy-and-if-you/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

> [Given that ever-broadening array of options and alternatives, as consumers and investors, we are often bewildered. We need guidance. That's where today's brands come…](https://sms4smile.com/quotes/robert-reich/given-that-ever-broadening-array-of-options-and-alternatives-as/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

> [I knew Hillary Clinton from undergraduate days and was enormously impressed with her. She was a terrific energy and enthusiasm, and a great organizer.…](https://sms4smile.com/quotes/robert-reich/i-knew-hillary-clinton-from-undergraduate-days-and-was-enormously/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

> [Public employees should have the right to bargain for better wages and working conditions, just like all employees do.](https://sms4smile.com/quotes/robert-reich/public-employees-should-have-the-right-to-bargain-for-better-wages/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

> [Limits should be placed on how big big banks can become.](https://sms4smile.com/quotes/robert-reich/limits-should-be-placed-on-how-big-big-banks-can-become/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

> [Every organization, no matter who it is, just follow the money.](https://sms4smile.com/quotes/robert-reich/every-organization-no-matter-who-it-is-just-follow-the-money/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

> [Community colleges are great bargains. They avoid the fancy amenities four-year liberal arts colleges need in order to lure the children of the middle…](https://sms4smile.com/quotes/robert-reich/community-colleges-are-great-bargains-they-avoid-the-fancy-amenities/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

> [Any bank that is too big to fail is too big. Period.](https://sms4smile.com/quotes/robert-reich/any-bank-that-is-too-big-to-fail-is-too-big-period/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

> [Today, for good or ill, people are thinking about many social problems from the standpoint of their own kitchen tables. I think the way…](https://sms4smile.com/quotes/robert-reich/today-for-good-or-ill-people-are-thinking-about-many-social-problems/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

> [There's sort of a chilling effect on non-profits and the media and a lot of other places because the establishment is so powerful. That's…](https://sms4smile.com/quotes/robert-reich/there-s-sort-of-a-chilling-effect-on-non-profits-and-the-media-and-a/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

> [We already have an annual wealth tax on homes, the major asset of the middle class. It's called the property tax. Why not a…](https://sms4smile.com/quotes/robert-reich/we-already-have-an-annual-wealth-tax-on-homes-the-major-asset-of-the/)

[Robert Reich](https://sms4smile.com/quotes/author/robert-reich/)

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                        "text": "You and I and almost all Americans are beneficiaries of the new economy. But we are also losing parts of our lives to the new economy - aspects of our family lives, our friendships, our communities, ourselves.",
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                        "text": "Some argue shareholder capitalism has proven more efficient. It has moved economic resources to where they're most productive, and thereby enabled the economy to grow faster.",
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                        "text": "There's a great debate going on, you know, on whether we're moving toward a system of giant oligopolies or a system of multiples of small businesses. Which is it? I think it's both. In every sector of the economy, we have giant brands that are trustworthy guides to what's good, and then a vast number of small groups, many of them project-based, sometimes folding and re-creating, that are offering products and services through those giant global brands.",
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                        "text": "The core principle is that we want an economy that works for everyone, not just for a small elite. We want equal opportunity, not equality of outcome. We want to make sure that there's upward mobility again, in our society and in our economy.",
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                        "text": "I started in the law; and the study of law, when it precedes the study of economics, gives you a set of foundation principles about how human beings interact. Economics is very useful, and I studied economics in graduate school. But without understanding the social and organizational context of economics, it becomes a theory without any groundwork.",
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                        "text": "The managers of the big brands have a very clear responsibility. It's attracting and keeping talented people in order to sustain and build the trustworthiness of that brand. There is no clearer objective in the economy. Your economic success depends on expanding and building your economies of trustworthiness.",
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                        "text": "I am not an economic determinist. If I were, I would throw up my hands; I just would not bother. I think it's wrong to be an economic determinist. I think it's wrong to simply say, \"Well, inevitably, if you're poor, you're going to get a lousy education; if you're lower-middle class, the cards are going to be stacked against you, and you'll probably never get anywhere.\"",
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                        "text": "Corporations don't create jobs, customers do. So when all the economic gains go to the top, as they're doing now, the vast majority of Americans don't have enough purchasing power to buy the things corporations want to sell - which means businesses stop creating enough jobs.",
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                        "text": "We're now moving toward a radically different economy. You absolutely can't have a distribution oligopoly. The new oligopolies - and I think there will be new oligopolies - will be oligopolies of trustworthiness. Microsoft, Amazon, Schwab, and other brands will dominate psychic space, not shelf space.",
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                        "text": "Now we're in a very different economy. Throughout the late 1980s and 1990s American management started to do the right things. There was extraordinary investment in technology. The dominant questions now are less how to do it better, how to manage better, how to make the economy better, than how to have fuller and more meaningful lives. Because the irony is, now that we've come through this great transition, even though our organizations and our people are extraordinarily productive, many feel that the nonwork side of life is very thin.",
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                        "text": "We can't have extraordinary dynamism, innovation, and change in the economy and expect to have predictability and stability in our personal lives. It's not as if there are these big, giant institutions existing between us and the economy. In fact, these institutions have become tissue-thin. There is no mediation anymore. We are the economy; the economy is us.",
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